KULIM: Kulim Technology Park Corp Bhd (KTPC) will spend RM60mil on the third phase of its development this year.
Group chief executive officer Datuk Ahmad Shukri Tajuddin said the third phase would involve the development of 172ha for high-technology companies.
“This expansion is in view of the increasing demand,” he said in an interview here.
Since the park opened in 1996, it has attracted 33 multinational companies with total investments of RM21bil.
Shukri said the third phase was expected to be ready in a year and the lots offered would be from 2ha to 20ha. However, only 140ha would be for sale or lease, he added.
KTPC, a wholly-owned subsidiary of the Kedah government through its business arm Perbadanan Kemajuan Negeri Kedah, is the developer and manager of the park.
Shukri said the Entrepreneur Development Ministry had allocated RM20mil for KTPC to open 12ha close to the second phase for local companies seeking to establish themselves as vendors to multinationals.
Lots offered in this project will be from 1.5ha.
At present, the 15 local companies that were vendors for the multinational companies in KTPC were operating in Prai, Seberang Jaya and Penang, he said. – Bernama
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